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Soybean futures are trading sharply higher thanks to the move higher in soybean oil and crude, Total Farm Marketing reported. May soybeans are up 14-1/2 cents to $12.16-1/4 while November is up 8-3/4 cents to $11.62-1/4. May soybean meal is down $1.00 to $313.50 and soybean oil is up 2.07 cents to 67.60 cents.
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“Soybeans were 7 to 8 cents in the green on Thursday, as the bean oil rally continues. There were another 244 deliveries issued overnight. The…
Mark Soderberg at ADM Investor Services said, “Higher prices across the complex today with beans up $.10-$.22, meal was $4-$8 higher while oil…
“Soybean oil continues to draw bullish support from the rapid rise in crude oil prices, reflecting its role as a key feedstock in biodiesel pr…
The Hightower Report said, “While it may be a risk off day for metals and stocks, beans are strong on the back of bullish action in the soy pr…
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